Market & Industry
GAC Group boasts year-on-year hike of 1,896.65% in first quarter 2021 net profit
GAC Group boasts year-on-year hike of 1,896.65% in first quarter 2021 net profit

GAC Group announced its quarterly gross revenue jumped 47.31% year on year to 16.023 billion yuan ($2.471 billion) in the first quarter of 2021.

Apr. 30 , 2021
Changan Automobile posts 35.26% year-on-year jump in Q1 2021 net profit
Changan Automobile posts 35.26% year-on-year jump in Q1 2021 net profit

Chongqing Changan Automobile Co.,Ltd. announced its net profit attributable to shareholders reached 853.586 million yuan ($131.614 million), jumping 35.26% over the previous year.

Apr. 29 , 2021
BYD’s revenue soars 108.31% year on year in first quarter of 2021
BYD’s revenue soars 108.31% year on year in first quarter of 2021

BYD Company Limited (BYD) gained 40.991 billion yuan ($6.321 billion) in the revenue for the first quarter of 2021, representing a year-on-year surge of 108.31%, according to the company’s latest quarterly financial results.

Apr. 29 , 2021
Chinese cybersecurity giant 360 leads Series D round of EV startup HOZON Auto
Chinese cybersecurity giant 360 leads Series D round of EV startup HOZON Auto

Chinese EV startup HOZON Auto, who owns the EV brand Nezha, announced on April 26 the beginning of its Series D financing, which is intended to raise roughly 3 billion yuan and is strategically led by Chinese Internet security company 360.

Apr. 27 , 2021
China PV wholesales in March 2021: Hongguang MINIEV honored No.3 PV model with only BEVs for sale
China PV wholesales in March 2021: Hongguang MINIEV honored No.3 PV model with only BEVs for sale

The Hongguang MINIEV was still the only one on the top 10 PV model list only pure electric vehicles (BEVs) for sale.

Apr. 27 , 2021
Orders of Huawei tech-powered SERES SF5 exceed 3,000 units within two days
Orders of Huawei tech-powered SERES SF5 exceed 3,000 units within two days

As of April 22, SERES has received over 3,000 orders for the SERES Huawei Smart Selection SF5, a REEV (range-extended electric vehicle) model using many Huawei’s technologies, only two days after the presale kicked off.

Apr. 25 , 2021